Walmart and Grocers Could Lose Billions if Food Stamp Benefits Lapse Saturday
The Looming Cutoff SNAP food stamp benefits could lapse Saturday for the first time due to the government shutdown. Nearly 42 million people rely on the Supplemental Nutrition Assistance Program. Neither Congress nor the USDA has acted to fund benefits beyond this weekend. If benefits stop, it creates an immediate crisis for both recipients and […]
Trump's Victory Lap President Trump sounded triumphant after his first meeting with Chinese President Xi Jinping since returning to office. "There's no roadblock at all on rare earth," Trump said Thursday aboard Air Force One. "That will hopefully disappear from our vocabulary for a little while." Trump framed the outcome as a win for both […]
Amazon Beats Estimates Across the Board as AWS Revenue Jumps 20%
The Beat Amazon delivered strong results across every major business segment. Total sales climbed 13% to $180.17 billion, topping the $177.8 billion estimate. Earnings per share hit $1.95, crushing the $1.57 consensus. The stock jumped 12% Friday on the news. AWS was the star performer. Cloud revenue grew 20% to $33 billion, exceeding expectations. The […]
Reddit Crushes Earnings With 68% Revenue Surge and Rising User Base
The Beat Reddit crushed third-quarter expectations. Revenue surged 68% year-over-year to $585 million, easily beating the LSEG estimate of $546 million. Earnings per share hit 80 cents versus the 51-cent estimate - a massive beat. The stock responded accordingly, jumping more than 14% Friday. Reddit also issued strong Q4 guidance, projecting revenue between $655-$665 million. […]
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